Data Sutram secures $9mn to power fraud detection in BFSI sector

B2B SaaS firm Data Sutram raised $9 million in Series A funding led by Lightspeed and B Capital. The startup will boost its AI-powered fraud detection for BFSI and expand into sectors like gaming and crypto. Its tool has helped cut fraud by 45% for clients like HDFC Bank. The company also plans to grow its team and reach.